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GENERAL FUND
<br />9:06 a.m.
<br />Proposed Ad Valorem Revenue:
<br />• General Fund - $44,515,294, an increase of $2,504,002
<br />• Municipal Service Taxing Unit (M.S.T.U.) - $7,969,714, an increase of $401,775
<br />• Emergency Services District - $21,739,574, an increase of $985,650
<br />• Land Acquisition Bond — 2004 Referendum - $4,966,060, an increase of $87,496
<br />The Funds total $79,190,642, an increase of $3,978,923, or 5.3%.
<br />Due to the taxroll growth of $3.3 million, staff proposed a 1.5% increase in the millage rate of the
<br />General Fund, with no increase in the M.S.T.0 or the Emergency Services District millage rates, and a
<br />reduction in the Land Acquisition Bond.
<br />Proposed Millage Rate Comparisons from last fiscal year:
<br />• General Fund - 3.3117, a 1.5% increase
<br />• M.S.T.U. - 1.0733, same as last year
<br />• Emergency Services District - 1.9799, same as last year
<br />• Land Bonds 2004 (a) - 0.3694, a 2.5% decrease
<br />• Aggregate Millage - 5.5219, a 1.1% increase
<br />Proposed Millage Rate Comparisons to Rollback from last fiscal year:
<br />• General Fund - 3.3117, a 4.8% increase
<br />• M.S.T.U. - 1.0733, a 3.9% increase
<br />• Emergency Services District - 1.9799, a 3.4% increase
<br />• Land Bonds 2004 (a) - 0.3694, a 2.5% decrease
<br />• Aggregate Millage - 5.5219, a 4.3% increase
<br />Administrator Baird compared the Indian River County General Fund millage to surrounding and
<br />comparable counties, and reported that we have the second lowest rate in Florida. He pointed out that
<br />74.2% of the General Fund expenses go to Constitutional Officers and unfunded State Mandates.
<br />Administrator Baird also provided a typical house comparison of a $200,000 house in Indian River
<br />Shores with a $50,000 Homestead Exemption, making the taxable value $150,000. He said the
<br />proposed 2014-2015 millage would be $552.17, a $6.05 increase; and in the unincorporated area, the
<br />millage would be $849.16, also a $6.05 increase.
<br />General Fund Budget Overview:
<br />• Constitutional Officers requested $3,076,951; staff recommended $1,049,915
<br />• A Franchise Fee was eliminated, resulting in a $195,000 revenue loss
<br />• The Ad Valorem taxroll increase of 4.52% added $1.8 million in revenue to the General Fund
<br />• Staff recommends phasing out reserves in the amount of $900,000
<br />• The proposed millage rate is 3.3117, an increase of 1.5%, 4.8% above rollback
<br />Administrator recommendations for BCC Departments:
<br />• BCC Operations - $934,054, a decrease of $164 from last year
<br />• County Attorney - $697,049, an increase of $3,926
<br />• GIS Transfer - $35,266, same as last year
<br />2014-2015 Budget Workshop Page 2
<br />July 16, 2014
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